An increase in the expected price of corn would likely do the following to the current supply and demand for corn:
A) increase both the demand and the supply.
B) decrease both the demand and the supply.
C) increase the demand, but decrease the supply.
D) increase the supply, but decrease the demand.
C
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Output supply is increasing in the interest rate because
A) labor demand is increasing in the interest rate. B) labor demand is decreasing in the interest rate. C) labor supply is increasing in the interest rate. D) labor supply is decreasing in the interest rate.
Carolyn knows average total cost and average variable cost for a given level of output. Which of the following costs can she not determine given this information?
A) total cost B) average fixed cost C) fixed cost D) variable cost E) Carolyn can determine all of the above costs given the information provided.
If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries
a. True b. False Indicate whether the statement is true or false
Suppose Bob withdraws money from his checking account and deposits it into his savings account. What happens to M1?
A. It decreases. B. It increases. C. It stays the same. D. The effect is unknown.